On this day, 35 years ago, on November 26, 1990 (October 10, 1990 in the lunar calendar), the Shanghai Stock Exchange opened. Zhu Rongji attended the ceremony On November 26, 1990, Zhu Rongji, then mayor of Shanghai City, attended the opening ceremony of the Shanghai Stock Exchange. On November 26, 1990, the Shanghai Stock Exchange, authorized by the State Council and approved by the People's Bank of China, was officially established. It was the first stock exchange in the mainland since the founding of the People's Republic of China. Previously, China only had a vague impression of the stock exchange from Mao Dun's novel "Midnight" and the movie based on it. The Shanghai Stock Exchange is one of the two stock exchanges in the mainland of China. On the day it opened, 25 securities operating institutions from Shanghai, Shandong, Jiangxi, Anhui, Zhejiang, Hainan, Liaoning and other places became members of the exchange. They are divided into professional brokers, professional dealers, supervised brokers and dealers. The exchange adopts cash and loan trading and does not engage in futures trading. At the beginning of its opening, it mainly traded bonds, including treasury bonds, corporate bonds and financial bonds, and also conducted stock trading. In the future, it gradually transitioned to paying equal attention to bond and stock trading. On the morning of December 19, the exchange held an opening ceremony. Zhu Rongji, then mayor of Shanghai City, attended the opening ceremony. Li Xiangrui, Chairman of the Shanghai Stock Exchange, authorized General Manager Wei Wenyuan to sound the first hammer of the official opening of the market in the trading hall. Half an hour later, when the market closed, 49 transactions had been completed, with a face value of 5879008 yuan. The stock market really became popular after Deng Xiaoping's southern tour in 1992. On May 21 of that year, Shanghai's stock trading prices were all liberalized and guided by the market. As a result, from the 21st to the 23rd, stock prices soared, soaring 570% in three days. This day is known as the day when China's stock market was truly born. In August, a stock rush occurred on the Shenzhen Stock Exchange. This is a story for the future.